Authentic Brands Group news and archive

Authentic Brands extends Champion eyewear deal

Authentic Brands Group has announced a multi-year extension of its Champion eyewear licensing agreement with L’amy America, owned by ILG (International Luxury Group). The new deal will see L’amy America continuing to design, manufacture, and distribute Champion’s optical and sunglass products for men, women, and youth. Steve Robaire, executive...

BusinessFeatured

Authentic to boost Champion in the EMEA with Orbico partnership

Authentic Brands Group (Authentic), the global brand development and licensing platform, has signed a new licensing partnership with the Orbico Group for its newly acquired sportswear brand, Champion. In a statement, Authentic said the long-term strategic alliance with Orbico “lays the foundation for a long-term collaboration that will unlock...

Business

Reebok’s US operations undergoes layoffs amid footwear restructuring

A number of layoffs have been confirmed at Sparc, the firm running the US operations of Reebok, as it looks to restructure the sportswear giant’s footwear business. Sparc, a joint venture between Authentic Brands Group, Simon Property Group and Shein, announced the news to various media outlets, including Retail Dive, to which it said it was...

Retail|In Pictures

Authentic expand Ted Baker in South Africa with Ares Holdings

Authentic Brands Group (Authentic), the global brand development, entertainment and marketing platform, which owns British retailer Ted Baker, has partnered with Ares Holdings, a South African brand distribution company, to expand the brand’s retail footprint in South Africa. In a statement, Authentic said the partnership would strengthen Ted...

Business

Authentic secures Aus and NZ licensee deal for Champion

Authentic Brands Group, the new owner of Champion, has appointed Brand Collective as the new licensing partner of the sportswear label in Australia and New Zealand. Australia-based Brand Collective currently serves as the operating partner to brands such as Canada Goose, Clarks, Hush Puppies and Authentic-owned Reebok, while further owning the...

Business

Reebok International reports increase in annual profit

In its latest account filing, Reebok International Limited and its subsidiary RILUK IPCO reported profit after tax of 163.5 million dollars compared to 77.8 million dollars in the previous year. The company said that the annual trading report is for a 10 month period because the company was acquired by Authentic Brands Group in March 2022 from...

Business

Authentic reportedly pulls Reebok licensing deal with New Guards Group

Authentic Brands Group is believed to have terminated its deal with Farfetch-owned New Guards Group (NGG), which had previously been the licensee of Reebok and oversaw the distribution of the sportswear brand in Europe. According to a memo from NGG Management to staff, seen and reported on by WWD, NGG has received a termination notice for the...

Business|fashion Featured

Authentic Brands Group partners with Saks Global on luxury venture

Authentic Brands Group, the global brand development, marketing, and entertainment platform, is launching a joint venture with Saks Global to grow its luxury and accessible luxury brands, building on its successful collaboration with Barneys New York. The new venture, called Authentic Luxury Group, will leverage the combined capabilities of...

Business

Authentic completes Champion acquisition, announces new brand partners

HanesBrands has completed the sale of the intellectual property and certain operating assets of the global Champion business to Authentic Brands Group. It is the second-largest brand acquisition in Authentic’s history. “With the successful completion of this transaction, combined with our internal cash generation, we expect to pay down...

Retail|Beauty Featured

Hourglass opens pop-up concept store with Barneys New York

Hourglass, the cruelty-free luxury beauty brand, is celebrating 20 years of innovation and creativity by paying homage to the place where the brand got its start – Barneys New York, with the opening of a limited-time concept store. The pop-up, located at 14 Prince Street in Soho, New York, will be open to the public from September 5 to October...

Retail

ULAC to manage Ted Baker’s online operations in the UK and Europe

Authentic Brands Group has announced a new partnership with its longstanding partner United Legwear & Apparel (ULAC) to manage the e-commerce operations for Ted Baker in the UK and Europe. Earlier this month, ULAC announced that it would take on Ted Baker's wholesale, concession shops and e-commerce operations in the US and Canada, as well as...

Retail

Ted Baker to close all UK stores this week as Frasers talks halt

After a period of reported back-and-forth, it is now believed that talks between Mike Ashley’s Frasers Group and Ted Baker parent company Authentic Brands Group have stalled. The news comes ahead of the imminent closure of Ted Baker’s remaining 31 stores in the UK, which are set to shutter this week. Frasers’ name first came into circulation...